SHANGHAI, Aug. 9 (SMM) – On Wednesday, SHFE 1710 copper opened at RMB 51,370/mt and then fluctuated at around RMB 51,220/mt. The contract later climbed to RMB 51,460/mt and closed higher at RMB 51,420/mt. Positions increased 20,612, and trading volumes rose 91,812 lots. Positions of all SHFE copper contracts increased 18,704 to 738,000 and trading volumes were up 119,000 to 656,000 lots.
SHFE 1710 copper will have further room to rise.